Because of the legal status of marijuana and THC as Schedule 1 narcotics, cannabis-related businesses typically encounter obstacles with funding and financial operations. Since banks are unwilling to accept the risk of working with them, most MRBs are unable to receive financing going the traditional route.
However, even if you can’t receive a bank loan, there are other paths to obtaining operating capital. Cannabis lending companies can make it available to you. To make sure you partner with a dependable non-bank lender, double-check all terms and conditions beforehand. Read on to learn what questions to ask your lending company and gain a competitive edge in the rapidly expanding cannabis industry.
Knowing where you stand before you commit to a loan is very important. If you’ve already worked out a business plan, you know exactly how much and how soon you need the funds and how you’re going to invest them. Now you have everything you need to discuss further steps with your lenders. To avoid overlooking a crucial detail, remember to touch on these key points.
Handle the challenges of running a cannabis business by partnering up with Confia. We are a forward-thinking team committed to providing practical and innovative financial services. We assist dispensaries and other companies in the cannabis supply chain, making it possible for them to manage their finances in an intuitive way.
With us as your ally, you will receive easy access to reliable funding and streamlined banking. Finding a suitable financing option in a high-risk industry can be challenging, but we can secure it for you. You can expect efficient funding solutions, prompt diligence, meticulous pre-approval, and low-cost services. We’ll also make sure that every aspect of your finances stays compliant with relevant regulations.
Get in touch with us today to set your business up for success.